Blue-Chip Location with High Foot Traffic and Excellent Street signage
With a secure tenant in place until 2027 and with excellent street visibility and foot traffic, this sought-after retail premises is located in an ideal location just off Melbourne Street, within walking distance to Southbank, West End, and the CBD. With its excellent street-front signage and window display, it is surrounded by high-end businesses and has a significant amount of passing trade visiting famous cafes, bars and restaurants at your doorstep.
The usable retail space measures 64 square meters, and there is also an exclusive car park and a shared lock-up storage room next to the lift. The property also offers four visitor car parks and excellent street parking, making it convenient for customers. The property also has both internal and external access.
For entertainment and relaxation, the property features a BBQ area and undercover outdoor seating, perfect for staff or entertaining clients. Additionally, there is a swimming pool and an outdoor bathroom and changing room that can be used by owners or tenants.
The property is equipped with ducted air conditioning and has three offices, including an 18.6 square meter office that is perfect for any business. The kitchen is spacious enough for a full-size fridge and a sitting area. The internal Bosch security system provides extra peace of mind.
Be quick to inspect this property as ground floor retail shops in such blue-chip locations are rare to market.
Leased until 2027 with 2% increases on September 1 each year.
Current Income: $32,640
Next Increase in rent is this September of 2%: $33,298
Rates: $766.65 per quarter ($3,066 per annum)
Body Corporate: $1,780 per quarter ($7,120 per annum)
Utilities: $363.96 ($1,455.84 per annum)
Total expenses per annum: $11,641.84
Net Income: $20,998.16
South Brisbane Train Station: 650m
Brisbane Exhibition and Convention Centre: 350m
Fish Lane: 170m
Brisbane CBD: 1km
Musgrave Park: 300m
Boundary Street: 350m
West Village: 400m